Since 1986, the average bull market (20% rally preceded by a 20% decline) in oil has lasted 242 calendar days and averaged a gain of 67.85%. The current bull market in oil started on January 18, 2007, and to its peak on April 22nd, the commodity rallied 136.47%. That makes the current rally more than double the average in gains and nearly double the average in length.
Below we highlight stocks in the S&P 500 Energy sector that are up the most during oil's bull market (as of 4/24). As shown, CNX is up the most at 157%, followed by NOV at 155%. RRC, HES and EOG round out the top five. These stocks have had huge rallies, and when energy prices do pull back at some point in the future, these top performers will most likely struggle.